Abstract
The aim of the article is to examine financial impact of the COVID-19 pandemic on the financial management of Czech regions, especially on the Moravian-Silesian Region. Significant pressures to deepen the imbalance between public revenues and expenditures are reflected at the level of regional budgets, too. First, an empirical evidence is provided focusing on Czech regional budgets before the pandemic. Results suggest a very good financial condition of Czech regions as is regularly confirmed by a fulfilment a set of Ministry of Finance monitoring indicators. Next, the article focuses on the main measures in the financial management of the Moravian-Silesian Region. It was found that the Regional Council implemented 296 budgetary measures in the amount of 41.560.077 thousand CZK as a response on the COVID-19 pandemic in 2020. Responsible financial management of the Moravian-Silesian Region was also confirmed by the approval of a favourable loan in December 2020, which will allow to continue investing despite the effect of COVID-19 pandemic.
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